David Erfle - Gold Market Commentary – Tue 17 Apr, 2018

Individual Stocks As Barometers For The Gold and Silver Sectors

There are a number of encouraging signs for gold and silver investors that continue to build behind the scenes. David Erfle, The Junior Miner Junky joins me to outline those signs. We discuss the rounded bottom for GDX and the fact that a major, Newmont Mining, is starting to break out to 52 week highs. We wrap up the interview with a couple stocks David uses as a barometer for gold and silver.

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Featuring:
Dave ErfleCory Fleck

Comments:
  1. On April 17, 2018 at 1:16 pm,
    Silverdollar says:

    Actually, NEM by my charts, failed by about 5 cents to set a new 52 wk high. The thing I don’t like about NEM’s chart is the RSI reading failed badly to set a new high and is considerably (about 15 points) below the previous high.
    With that said, I don’t claim by any means to have the expertise that David does and like every thing he said during this interview. I’m invested heavily in the sector and am just waiting like everyone else. Thanks for the interview Cory.

  2. On April 17, 2018 at 2:25 pm,
    CFS says:
  3. On April 17, 2018 at 2:27 pm,
    CFS says:

    Interesting that China is loosening credit…..as if preparing for US sanctions.

  4. On April 17, 2018 at 2:32 pm,
    CFS says:

    Looks like the Gold/Silver ratio might drop back below 80 today.

    • On April 17, 2018 at 3:51 pm,
      OOTB Jerry says:

      see my notes earlier………..

      • On April 17, 2018 at 3:57 pm,
        OOTB Jerry says:

        On April 17, 2018 at 8:50 am,
        OOTB Jerry says:
        Daily cup and handle on silver…..just broke out……lol

        • On April 17, 2018 at 3:58 pm,
          OOTB Jerry says:

          I also said, check the 10 yr chart, ….peaked at 82

    • On April 17, 2018 at 4:07 pm,
      OOTB Jerry says:

      Bob Hoyh…..was predicting 100 …..not going to happen…..so much for the gurus

    • On April 18, 2018 at 5:59 am,
      Excelsior says:

      > Silver $17.08.

      Someone please send a memo to the Silver miners for today’s trading session 🙂

      • On April 18, 2018 at 6:02 am,
        OOTB Jerry says:

        Finally………cup and handle working fine…….. 🙂

      • On April 18, 2018 at 6:04 am,
        OOTB Jerry says:

        There are a lot of retards in the silver miners…….they should all unit, and run JPM out of business………..jmo

        • On April 18, 2018 at 6:05 am,
          OOTB Jerry says:

          unit….to unite……..

        • On April 18, 2018 at 6:11 am,
          OOTB Jerry says:

          They should all form an organization of silver miners . I think the last organization was in 1890-1891.

          • On April 18, 2018 at 6:12 am,
            OOTB Jerry says:

            Forget the comex…….and cftc………

      • On April 18, 2018 at 6:49 am,
        Excelsior says:

        $Silver rallies typically start with a short squeeze. The May contract is up over 2% on the day and most silver miners are up 3%-6%. #SqueezeOn

        SI1:COM 17.16 USD/t oz.
        Up $0.373 (2.22% gain)

        https://www.bloomberg.com/quote/SI1:COM

        • On April 18, 2018 at 8:04 am,
          OOTB Jerry says:

          More Extremes in Silver Positions
          The CTFC now reports that commercials in silver (who have never been net-long) hold the smallest
          net-short positions since June of 2013. Back then silver rallied almost $7, to $25.17 by the end of
          August. Gold rallied over $200 to $1434 in that same period.

          • On April 18, 2018 at 8:04 am,
            OOTB Jerry says:

            above from Bob Hoye…….see at 321

        • On April 18, 2018 at 9:18 am,
          Whit says:

          Hey Ex, when you get a chance I asked a couple questions on Mexus…on the Sunday talk. Didn’t have service for a couple days😉

          • On April 18, 2018 at 10:19 am,
            Excelsior says:

            Hi Whit. I did get back to you on the Sunday blog regarding Mexus.

            Cheers!

  5. On April 17, 2018 at 3:21 pm,
    bonzo barzini says:

    NEM is doing much better since Gary Goldberg became CEO. It is the only gold mining stock in the S&P 500, and it will explode when gold goes to 3K and pay a big dividend.
    MUX is wonderful too.

    • On April 18, 2018 at 10:21 am,
      Excelsior says:

      Looking forward to seeing MUX get re-rated much higher on the next significant impulse leg higher in the PMs.

  6. On April 17, 2018 at 4:13 pm,
    GH says:

    I like the weekly charts in the precious metals still, but the rise in the junior miners since the beginning of March has been tepid. The intraday charts don’t look so good to me, and I didn’t feel like giving up the 14% I managed to eke out over 5 weeks (jnug), so I sold.

    I hope I don’t regret it. May jump back in very soon, tough to say. But for at least the very short term, uranium, cryptos, and pot look more interesting.

  7. On April 17, 2018 at 5:53 pm,
    OOTB Jerry says:

    Dang Judge WAS AS PLAY BOY BUNNY………..to funny for words……..Trump o mania
    https://www.zerohedge.com/news/2018-04-17/5-fast-facts-about-federal-judge-michael-cohens-case-and-why-trump-should-be

    • On April 17, 2018 at 5:53 pm,
      OOTB Jerry says:

      2. She trained as a Playboy Bunny

      • On April 17, 2018 at 5:55 pm,
        OOTB Jerry says:

        2. She trained as a Playboy Bunny

        She was President Bill Clinton’s pick for Attorney General in 1993, BILLY BOB, new she was a BUNNY….that is why He liked her…………..lol

        • On April 17, 2018 at 5:56 pm,
          OOTB Jerry says:

          new to knew……sorry,

          • On April 17, 2018 at 5:56 pm,
            OOTB Jerry says:

            3. She had an extramarital affair that earned her the nickname the “Love Judge”

          • On April 17, 2018 at 5:57 pm,
            OOTB Jerry says:

            Dumb Bunny……..

          • On April 17, 2018 at 5:58 pm,
            OOTB Jerry says:

            4. She officiated George Soros’s wedding………..Soros knew her in Europe, most likely attend Heffs parties……

          • On April 17, 2018 at 5:59 pm,
            OOTB Jerry says:

            Has the deep state ever been more obvious than it is now?

          • On April 18, 2018 at 10:25 am,
            Excelsior says:

            How does one “train as a Playboy bunny”?

            Wear rabbit ears and go around scantily clad at swanky parties trying to lure rich old men or rap stars into back rooms for good times? Or do they just watch the film “Eyes Wide Shut” about 10 times to get certified? 😉

          • On April 18, 2018 at 10:30 am,
            OOTB Jerry says:

            It takes a law to degree to figure that one out……….. 🙂 or judge for your self…..

          • On April 18, 2018 at 10:51 am,
            Excelsior says:

            Oh – Maybe we should leave it up to Judge Judy then…. 🙂

        • On April 17, 2018 at 6:01 pm,
          OOTB Jerry says:

          Wood might be a judge, but her personal past indicates that her moral scruples are lacking. In 1995 at the age of 51, Wood began an affair with married multimillionaire Wall Street financier Frank Richardson. The affair was uncovered by Richardson’s wife when she found passionate passages written about Wood in Richardson’s diary. The tryst earned Wood the nickname the “Love Judge” during Richardson’s divorce trial. Wood married Richardson in 1999.

    • On April 17, 2018 at 6:10 pm,
      OOTB Jerry says:

      This woman is a lose cannon,,,,,,,,,,,mental disorder……..Justice department needs to remove this person from office immediately.

  8. On April 18, 2018 at 7:10 am,
    bonzo barzini says:

    Let’s pray that Wood, the Clintons, Ginsberg, Sotomeyer?, and McCain will be gone soon…

    • On April 18, 2018 at 10:27 am,
      Excelsior says:

      Yes, as some recently wrote on here, “praying for sanity”.